What do we mean by “big government?”

posted by
August 25, 2011
Foundation for Economic Education
by Steven Horwitz  
Posted in Commentary

"In the comments on last week’s column, there was an interesting exchange over just how big President Hoover’s expansion of government really was after the 1929 stock market crash and the onset of the Great Depression.  One commenter criticized my measuring expenditures and the budget deficit according to their percentage of GDP. Since GDP was falling, the critic wrote, those percentages may exaggerate the growth in expenditures and the deficit." (08/25/11)


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